M&A Deal Summary

Anchorage Capital Partners Acquires ELF Group

On May 31, 2024, private equity firm Anchorage Capital Partners acquired financial services company ELF Group from Maui Capital

Acquisition Highlights
  • This is Anchorage Capital Partners’ 2nd transaction in the Financial Services sector.
  • This is Anchorage Capital Partners’ 4th transaction in New Zealand.

M&A Deal Summary

Date 2024-05-31
Target ELF Group
Sector Financial Services
Buyer(s) Anchorage Capital Partners
Sellers(s) Maui Capital
Deal Type Secondary Buyout

Target

ELF Group

Auckland, New Zealand
ELF Group consists of two business units – Speirs Finance, which offers asset finance and leasing solutions, and ABE, which provides heavy equipment sales, distribution, and maintenance. ELF Group is based in Auckland, New Zealand.

Search 214,356 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Anchorage Capital Partners

Sydney, Australia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 810M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Anchorage Capital Partners is a specialized private equity firm that focuses on control investments in established businesses with a strong market position or brand which are not performing at their full potential, often as a result of capital constraints, lack of management attention or being a non-core ‘orphan’ in a large corporate. Target companies generally have at least A$100 million of revenue and are valued up to A$250 million. Anchorage will consider companies in a variety of sectors, however, the Firm avoids investing in technology, direct real estate or mineral exploration. The Firm will consider opportunities throughout Australia, New Zealand, and Southeast Asia. Anchorage Capital Partners was established in 2008 and is based in Sydney.


DEAL STATS #
Overall 25 of 25
Sector: Financial Services M&A 2 of 2
Type: Secondary Buyout M&A Deals 3 of 3
Country: New Zealand M&A 4 of 4
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-18 Ideal Standard

Brussels, Belgium

Ideal Standard is an international manufacturer and marketer of kitchen and bath products. Ideal Standard was founded in 1901 and is based in Brussels, Belgium.

Sell €600M

Seller(S) 1

SELLER

Maui Capital

Auckland, New Zealand

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 500M NZD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Maui Capital is a mid-market private equity firm focused on investments in New Zealand and Australia. Maui seeks growth-oriented, profitable businesses with strong positions in the markets in which they operate. Prospective transactions include management buyouts/buy-ins, growth capital financings, industry consolidations, recapitalizations, and take-privates. Maui does not have any industry preferences. Maui Capital was formed in 2008 and is based in Auckland.


DEAL STATS #
Overall 6 of 7
Sector: Financial Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: New Zealand M&A 4 of 5
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-26 Pedersen Group

Rotorua, New Zealand

Pedersen Group produces roundwood, the business expanded to include chip mills, supplying high quality wood chip to pulp and paper companies. Pedersen Group is based in Rotorua, New Zealand.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-04 Smart Environmental

Auckland, New Zealand

Smart Environmental is a waste and recycling company, offering comprehensive refuse and recycling services for both residential and commercial clients. Smart Environmental was founded in 1993 and is based in Auckland, New Zealand.

Sell -